Australian mining giant BHP has signed a Memorandum of Understanding with India’s leading steel maker Tata Steel, with the intention to jointly study and explore lower carbon iron and steelmaking technology. Under the partnership, BHP and Tata Steel intend to collaborate on ways to reduce the emission intensity of the blast furnace steel route with the use of biomass as a source of energy & application of carbon capture and utilization in steel production. BHP’s Chief Commercial Officer Ms Vandita Pant said “The partnership with Tata Steel highlights the importance of collaborations in being able to successfully identify and implement emission reduction technologies in steelmaking, including by developing abatements that can apply to the existing blast furnace process to incrementally reduce its carbon emissions intensity. India has invested heavily in the blast furnace route for steel production, and its crude steel output was 118 million tonne last year. It is, therefore, critical to innovate and demonstrate pathways to reduce emissions from the blast furnace, while alternative steelmaking pathways emerge and low carbon energy systems scale up.” The partnership aims to help both companies progress toward their respective climate change goals and support India’s ambitions to be carbon neutral. The technologies explored in this partnership can potentially reduce emission intensity of integrated steel mills by up to 30%. Importantly these projects demonstrate how abatements applied to the blast furnace iron-making process, which contributes to more than 60% of India’s steel production, can materially reduce the carbon intensity of existing capacity. Beyond these projects, BHP and Tata Steel have committed to a robust ongoing knowledge exchange that will see both parties explore further collaborations, ecosystems and business opportunities in the steel value chain, and the research and innovation sectors in both India and Australia. A greener steel industry will be integral for India’s growth and decarbonization journey, and we intend to work hard with Tata Steel to enable this development and hopefully set a benchmark for others in the industry to emulate and learn from. Finding pathways to net zero for steelmaking is challenging and complex but we believe that by working with industry leaders like Tata Steel, together, we will find solutions more quickly to help reduce carbon emissions in steel production.” she added. BHP has in recent years partnered with global majors POSCO, China Baowu, JFE Steel and HBIS Group to explore greenhouse gas emissions reduction from steelmaking. The combined output of the five steel companies in China, India, Japan and South Korea equates to around 13% of reported global steel production.
Australian mining giant BHP has signed a Memorandum of Understanding with India’s leading steel maker Tata Steel, with the intention to jointly study and explore lower carbon iron and steelmaking technology. Under the partnership, BHP and Tata Steel intend to collaborate on ways to reduce the emission intensity of the blast furnace steel route with the use of biomass as a source of energy & application of carbon capture and utilization in steel production. BHP’s Chief Commercial Officer Ms Vandita Pant said “The partnership with Tata Steel highlights the importance of collaborations in being able to successfully identify and implement emission reduction technologies in steelmaking, including by developing abatements that can apply to the existing blast furnace process to incrementally reduce its carbon emissions intensity. India has invested heavily in the blast furnace route for steel production, and its crude steel output was 118 million tonne last year. It is, therefore, critical to innovate and demonstrate pathways to reduce emissions from the blast furnace, while alternative steelmaking pathways emerge and low carbon energy systems scale up.” The partnership aims to help both companies progress toward their respective climate change goals and support India’s ambitions to be carbon neutral. The technologies explored in this partnership can potentially reduce emission intensity of integrated steel mills by up to 30%. Importantly these projects demonstrate how abatements applied to the blast furnace iron-making process, which contributes to more than 60% of India’s steel production, can materially reduce the carbon intensity of existing capacity. Beyond these projects, BHP and Tata Steel have committed to a robust ongoing knowledge exchange that will see both parties explore further collaborations, ecosystems and business opportunities in the steel value chain, and the research and innovation sectors in both India and Australia. A greener steel industry will be integral for India’s growth and decarbonization journey, and we intend to work hard with Tata Steel to enable this development and hopefully set a benchmark for others in the industry to emulate and learn from. Finding pathways to net zero for steelmaking is challenging and complex but we believe that by working with industry leaders like Tata Steel, together, we will find solutions more quickly to help reduce carbon emissions in steel production.” she added. BHP has in recent years partnered with global majors POSCO, China Baowu, JFE Steel and HBIS Group to explore greenhouse gas emissions reduction from steelmaking. The combined output of the five steel companies in China, India, Japan and South Korea equates to around 13% of reported global steel production.
